Gold prices in the UAE experienced a slight drop at the start of Thursday’s market session, following a recent increase. On Wednesday, gold prices had risen by Dh3.50. According to data from the Dubai Jewellery Group, the price of the 24K variant of gold was trading at Dh235.50 per gram in the morning session on Thursday. This was a minor decrease from the previous day’s closing price of Dh236 per gram.
The various karat variants of gold also showed some fluctuations in their prices. The 22K variant was trading at Dh218.25 per gram, the 21K variant at Dh211.25 per gram, and the 18K variant at Dh181 per gram at 9 am local time.
In the global market, the spot gold price remained stable at $1,944.92 per ounce as of 9:17 am local time.
These price fluctuations are a common occurrence in the precious metals market, influenced by factors such as supply and demand dynamics, geopolitical events, economic indicators, and market sentiment. Gold prices often respond to changes in the broader financial landscape and investor sentiment, making them subject to regular fluctuations in value.
